Fannie Mae predicts home mortgage interest rates will be 4.5% in 2023. The 30 Year Fixed is currently around 6% in 2022 but Fannie Mae is predicting that they will decline to between 4.3% and 4.7% in 2023. This mortgage rate forecast is the first for 2023 by a major lender and based on historical trends and forward looking information.
Nobody actually knows what mortgage rates will be in 2023. This is just Fannie Mae's forecast of the Housing market for 2023.
